Several hours after Ukraine's embattled president announced early elections and promised to form a coalition government, Germany's foreign minister said a deal had not yet been reached to resolve the bloody crisis in Kiev that has left up to 100 people dead over three days of violent protest.

Emerging from Victor Yanukovych's office after hours of tense negotiations between government and opposition representatives, Frank-Walter Steinmeier told the Guardian a deal had not yet been reached.

"No result," he said, adding that he was not going home yet. Steinmeier then left for a new round of talks with opposition representatives.

As the government's midday deadline for an announcement of a deal passed, details of the proposed agreement remained slight. Despite opposition and international trust in Yanukovych standing at an all-time low , the presidential administration had claimed a "political agreement" had been reached during negotiations that ran throughout the night with the mediation of the foreign ministers of Germany, Poland, and France.

The European mediators were more cautious. The Germans had said the talks had been "very difficult", run all night and had stopped for a break after 7am. Radek Sikorski, the Polish foreign minister, also voiced scepticism that a deal had been reached that could resolve the crisis.

He said Ukraine was at a "delicate moment" and "all sides need to remember that compromise means getting less than 100%."

It is not clear if protesters will accept the deal as it stands. Anton Solovyov, 28, an IT worker in the central square said: "This is just another piece of paper. We will not leave the barricades until Yanukovich steps down. That's all people want."

Following the worst bloodshed in the country's 23 years of independence, Kiev awoke to a bright, sunny and peaceful day, with the city centre firmly in the hands of the anti-Yanukovych protest movement and the riot police, ubiquitous until Thursday morning, barely to be seen.

As Yanukovych claimed a settlement had been reached, shots rang out through Independence Square as police clashed with protestors.

"Participants in the mass disorder opened fire on police officers and tried to burst through in the direction of the parliament building," a police statement said.

Opposition leader Arseny Yatsenyuk, speaking in the parliament building a mile away, claimed armed police had entered the premises but the deputy speaker claimed they had been forced out.

Thousands remained on Independence Square or Maidan, the epicentre of the resistance after police fled the square in pitched battles on Thursday. The protesters have vastly expanded the area of the city centre under their control and have quickly built huge barricades and reinforced positions to keep the security forces at bay.

Protesters remained on the square throughout the night, with no let-up at all in the speech-making, singing and praying led by the stage at the centre of the square.

Parliament assembled and is likely to see rowdy scenes as the city and the country digest the shock of this week's bloodshed, which has hardened positions in the protest movement and reinforced the resolve to topple him.

At the moment it is difficult to see how Yanukovych will recover any authority or how the government will re-establish control over the centre of the capital.

Ukraine's President Viktor Yanukovich has announced early presidential elections. He also said that the constitution of 2004, which limits presidential powers, will be returned. This was one of the main demands by the opposition.

Yanukovich also said he will start the process of creating a national unity government.

The government and the opposition leaders have been negotiating a deal throughout the night, following two days of violence that has seen 80 people killed. One of the conditions for the deal’s implementation is an end to the violence that has engulfed the country.

The Ukrainian constitution of 2004 limits the powers of the president and gives more authority to the parliament.

“I declare the initiation of early presidential elections. I also invoke a return to the Constitution of 2004 with the redistribution of powers in the direction of a parliamentary republic,” says the official statement on the presidential website.

“I summon to begin formation of the government of national trust,” declared the Ukrainian president.

Earlier the Ukrainian LB.ua news outlet published the main details of the draft peace agreement between the Ukrainian authorities and the united opposition. The conciliation agreement was discussed yesterday by leaders of the united opposition and President Viktor Yanukovich.

The document specifies the major steps needed to be taken towards national reconciliation.

First and foremost it declares that the “constitutional takeover” of 2010 must be eliminated within 24 hours and the previous variant of the constitution adopted in 2004 must be returned. The document considers it necessary to “polish up” the 2004 constitution designed for the transition of Ukraine from a presidential form of government to a parliamentary one.

Formation of a new coalition government must be fulfilled within 10 days.

Official Kiev must undertake an obligation to conduct a joint investigation together with the EU of the “crimes against peaceful civilians” in downtown Kiev in December 2013 – February 2014 that took the lives of approximately 80 people.

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(Reuters) - Ukraine's pro-European opposition sought last minute changes to a deal with Russian-backed President Viktor Yanukovich intended to resolve the former Soviet republic's political crisis, but EU mediators said they still expect an agreement on Friday.

The German and Polish foreign ministers were in Kiev to try to broker an end to the worst violence since Soviet days amid a stand-off between riot police and anti-government protesters who have occupied a central square for nearly three months.

The sprawling nation of 46 million with a shattered economy and endemic corruption is at the center of a geopolitical tug-of-war between Russia and the European Union.

Diplomats said a compromise drafted in all-night negotiations involved appointing a transitional government, with a reformed constitution by September reducing presidential powers, and fresh elections by the end of the year.

Whether such a gradual transition would be acceptable to grassroots activists who want Yanukovich out now was unclear.

"This is just another piece of paper. We will not leave the barricades until Yanukovich steps down. That's all people want," said Anton Solovyov, 28, an IT worker protesting in the central square.

A senior EU diplomat said the president and opposition leaders were expected to sign the deal on Friday, even though the opposition still wanted some changes.

Earlier, police said in a statement that anti-government militants fired on security forces near the central Independence Square, scene of a three-month-old protest vigil.

However, there was no independent confirmation of such an incident and no report of casualties.

The square, known as Maidan or "Euro-Maidan", appeared peaceful, with thousands of demonstrators chanting anti-government slogans interspersed with patriotic singing.

After the visiting ministers suspended talks at dawn, the presidential press service said an agreement with the opposition would be signed at noon (1000 GMT) but it gave no details. That time passed with no word of a signing.

SCUFFLES IN PARLIAMENT

Armed police briefly entered the parliament building while lawmakers were holding an emergency session but they were quickly ejected, opposition leader Arseny Yatsenyuk said.

Ukraine, a sprawling country of 46 million, faces the risk of civil war or even a break-up, and rage has spread even into the parliamentary chamber. Members exchanged punches when speaker Volodymyr Rybak tried to adjourn proceedings.

Opposition deputies were angered because it would mean delaying a possible vote on a resolution pressing for constitutional changes to restrict the president's powers. The speaker left the chamber and debate continued.

If signed and implemented, the deal would be a setback for Russian President Vladimir Putin, who has made tying Ukraine into a Moscow-led Eurasian Union a cornerstone of his efforts to reunite as much as possible of the former Soviet Union.

Polish Prime Minister Donald Tusk, whose foreign minister is one of the mediators, cautioned that there was only a tentative accord so far. "The agreement has not yet been reached. What's been settled is the agreement's draft," Tusk told reporters in Warsaw.

French Foreign Minister Laurent Fabius, who was involved in the mediation effort earlier in the night, said the opposition needed to consult.

"The opposition wants to consult with some of its members, which is entirely understandable," he told Europe 1 radio. "In this sort of situation, as long as things haven't really been wrapped up, it's important to remain very cautious."

After 48 hours in which the fate of Ukraine was fought out in the square, with at least 77 people killed, Yanukovich was rapidly losing support.

The deputy chief of the armed forces resigned and opposition deputies in parliament voted to overturn severe anti-terrorist laws enacted by Yanukovich's government this month and ordered security forces back to barracks.

In another sign of the severity of the crisis, ratings agency Standard & Poor's cut Ukraine's credit rating for the second time in three weeks on Friday, citing the increased risk of default.

S&P said latest developments in the crisis made it less likely that Ukraine would receive desperately needed Russian aid. Ukraine cancelled a planned issue of 5-year Eurobonds worth $2 billion, it told the Irish Stock Exchange where the debt would have been listed. Kiev had hoped Russia would buy the bonds to help it stave off bankruptcy.

The health ministry said 77 people had been killed since Tuesday afternoon, which meant at least 47 died in Thursday's clashes. That was by far the worst violence since Ukraine's independence.

On Thursday, EU foreign ministers meeting in Brussels imposed targeted sanctions on Ukraine and threatened more if the authorities failed to restore calm.

In further diplomatic efforts, U.S. President Barack Obama spoke to German Chancellor Angela Merkel who in turn discussed Ukraine with Russian President Vladimir Putin. Moscow has strongly opposed what it sees as Western interference in Moscow's sphere of influence in Ukraine.

At least 75 people have died in the street violence, as the broken truce between the government and the opposition has turned the Ukrainian capital into bloody turmoil.

Friday, February 21

06:56 GMT:

The participants in the talks in Kiev have agreed on a deal to resolve the crisis, and are to sign it at 2pm Moscow time (10:00 GMT), the Ukrainian presidential administration told RIA-Novosti.

06:49 GMT:

One hundred and thirty security forces personnel have sustained gunshot wounds in Kiev over the last three days, the Ukrainian Interior Ministry told Itar-Tass. All in all, 565 people sought medical help, 410 of whom were hospitalized.

Polish Foreign Minister Radoslaw Sikorski has said that talks in Kiev have ended after lasting through the night, Reuters reported citing an unknown EU source. Sikorski added that a new round of talks is set to begin shortly.

Kiev’s Metro has begun to function, apart from two stations which are near Independence Square, the subway’s website stated. The Metro initially stopped functioning because of terror attack threats.

04:59 GMT:

The negotiations in the Ukrainian presidential administration have already been going on for eight hours. The talks are aimed at solving the crisis in the country. Earlier, Russian Ambassador to Ukraine Mikhail Zurabov refused to talk to journalists as he left the administration building. The opposition leaders, German Foreign Minister Frank-Walter Steinmeier, Polish Foreign Minister Radoslaw Sikorski, and Russian ombudsman Vladimir Lukin are also participating in the talks.

03:51 GMT:

Martin Sieff, chief global analyst at The Globalist Research Center told RT that the rioters at the heart of the unrest are a threat across Europe.

“For the EU especially there is enormous paradox here. The forces that are seeking to break up Ukraine are the same forces that try to destabilize Western European nations.”

In regards to the US meddling in the crisis, Sieff believes Washington is being ill-served by the EU and Brussels.

“The primary triggers for the whole crisis came from the pressures that the EU put on Ukraine and for the EU’s refusal to play a good loser when President Yanukovich decided that he could not go through with the terms that the EU laid out for association.”

In response to recent deadly clashes in Kiev, residents of the Black Sea port city of Sevastopol formed a 'Voluntary People's Squad' on Thursday, which will patrol the city along routes decided by the police, Ruptly news agncye reports.

Around 200 volunteers in each of the city's four districts have already been approved to join the squads at their local police station.

US Secretary of State John Kerry urges Ukrainian authorities to immediately withdraw security forces from the streets.

“The violence must stop. We unequivocally condemn the use of force against civilians by security forces, and urge that those forces be withdrawn immediately. The people of Ukraine and the international community will hold to account those who are responsible for what has occurred, and the United States has already begun implementing sanctions through travel bans on Ukrainians responsible for the violence,” said the statement published by the Department of State.

"There is no time for brinksmanship or gamesmanship. President Yanukovich must undertake serious negotiations with opposition leaders immediately to establish a new interim government that will have broad support. That is the only way to begin the difficult but essential constitutional and economic reforms that Ukraine needs."

02:05 GMT:

US Vice President Joe Biden had a telephone call with Polish Prime Minister Donald Tusk to talk about the Ukrainian crisis and possible solutions, according to the White House. "They discussed steps the United States, Poland, and the European Union are taking to support an end to the violence and a political solution that is in the best interests of the Ukrainian people," the statement said.

02:00 GMT:

Protesters have finally released Interior Ministry troops captured by rioters Thursday morning in central Kiev. The release happened due to the help of opposition deputies, as not all rioters were willing to let the troops go. Some were suggesting an exchange of troops for demonstrators.

Interior Ministry members in plain-clothes who were detained by protesters during clashes, are escorted out after they were granted freedom in central Kiev February 21, 2014. (Reuters / Olga Yakimovich)

01:39 GMT:

US Vice President Joe Biden has told Ukrainian President Viktor Yanukovich that Washington is ready to sanction officials responsible for violence against civilian protesters in the Ukrainian capital.

"He called upon President Yanukovich to immediately pull back all security forces - police, snipers, military and paramilitary units, and irregular forces," the White House said in a statement on Thursday.

"The Vice President made clear that the United States is prepared to sanction those officials responsible for the violence."

01:22 GMT:

The burnt bodies of two special forces officers were found after a fire was put out at the Berkut base in Lvov, Ukraine, Radio Svoboda quoted the Interior Ministry as saying. An investigation is underway to determine what caused the fire.

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MOSCOW, February 21 (RIA Novosti) – US Secretary of State John Kerry has called on Ukraine’s president and the opposition to jointly establish an interim government to put an end to violence in the streets of the capital that has claimed at least 77 lives.

Kerry in a statement lamented what he described as scenes of “senseless death” and condemned the use of violence against civilians by security forces in Kiev.

“President (Viktor) Yanukovych must undertake serious negotiations with opposition leaders immediately to establish a new interim government that will have broad support. That is the only way to begin the difficult but essential constitutional and economic reforms that Ukraine needs,” Kerry said.

US Vice President Joe Biden also weighed in Thursday, telling Yanukovych to work with the opposition to address the legitimate aspirations of the Ukrainian people and order a withdrawal of all security forces.

The increasingly intransigent standoff between the government and opposition took a bloody turn Tuesday when a crowd marching on parliament was confronted by law enforcement officers.

Reuters cited an EU source as saying Friday morning that negotiations between EU foreign ministers, Yanukovych, opposition leaders and lawmakers to settle the political crisis were nearing an end.